Arab Today, arab today hollande warns greeks vote could see them pushed out of euro
Last Updated : GMT 12:06:35
Arab Today, arab today
Arab Today, arab today

Hollande warns Greeks vote could see them pushed out of euro

Arab Today, arab today

Arab Today, arab today Hollande warns Greeks vote could see them pushed out of euro

Paris - AFP

French President Francois Hollande Wednesday warned Greeks four days before elections that if Athens does not keep its bailout commitments, some of its eurozone partners will want it out of the bloc. While acknowledging the Greeks\' right to determine their own future, Hollande told Greek Mega Channel television that if it appears from the vote that they doesn\'t want to respect the bailout deal \"there will be countries in the eurozone which would prefer to end Greece\'s presence in the eurozone.\" Greece holds its second parliamentary election in six weeks this Sunday, after a May vote failed to produce any workable majority. The leftist Syriza party, which has pledged to tear up the bailout deal, stands a good chance of winning, and even parties which backed the rescue now favour renegotiating its terms. \"I am in favour of Greece remaining in the eurozone, but Greeks should know that this requires there be a relationship of trust,\" Hollande said in a transcript of the interview provided by his office. Hollande said he had lobbied his EU counterparts for bloc funds be speeded up so Greece, now in its fifth year of recession, can return to growth. He pledged he would continue to push for their release and warned Greeks \"the abandoning pure and simple of the (bailout and austerity) memorandum would be seen by many eurozone members as a break up.\" Hollande, who has pushed for the eurozone to shift its focus from austerity to growth, said the situation has now evolved even further. \"The financial situation is such that we must also have guarantees so banks can be preserved and supported,\" said the French president. \"We are already in another stage,\" of the eurozone crisis. \"This is what the Greeks must also understand,\" he added. The EU executive Commission pressed governments for urgent action on the eurozone crisis Wednesday, seconding a German call for more integration and structural reforms. EU leaders are growing international pressure to take bold action when they hold a summit on June 28 and 29 as the eurozone crisis increasingly threatens global growth prospects. Analysts have called for steps towards fiscal and banking unions that would reduce concerns about the finances of weaker eurozone countries.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hollande warns greeks vote could see them pushed out of euro Arab Today, arab today hollande warns greeks vote could see them pushed out of euro

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today hollande warns greeks vote could see them pushed out of euro Arab Today, arab today hollande warns greeks vote could see them pushed out of euro

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday